JLL Capital Markets closed on a six-property Los Angeles County multifamily portfolio in three separate transactions totaling $53.55 million. The apartment complexes were located at 3596 Centinela, 14311-14319 Dickens St., 12314 Moorpark, 4144 Tujunga, 12207 Riverside and 12225 Riverside; five of the properties are situated in the San Fernando Valley and one is located in West Los Angeles. These high-performing low-rise communities total 155 residential units.
The acquisitions included accretive assumable debt placed on all six properties by JLL earlier this year which was assumed by all three buyers with assistance from JLL’s Debt Advisory team.
A corporate fiduciary acting on behalf of an LLC engaged JLL’s Investment Sales & Advisory team to represent them during these transactions; Peter Yorck (Managing Director) and Nick Lavin (Director) led this effort while Jeff Sause (Senior Managing Director) and Max Mraz (Director) managed the Debt Advisory process for their clientele as well .
